Gulf Bank has reiterated its confidence in meeting challenges arising from the Global and Regional financial situation.  Mr. Abdullatif Al-Hamad, Acting Chief General Manager said "With the global and regional credit issues, Gulf Bank has initiated numerous steps to counter the systemic issues within the credit portfolio and is confident of meeting the current global challenges."

Gulf Bank's credit exposures are in line with industry trends and are a direct fall out of the systemic issues within the region and globally.

In closing, Mr. Abdullatif Al-Hamad said: "This is still an extremely difficult market for banks to operate in, but Gulf Bank has shown it recognizes this and has responded to the issues and is adopting a prudent and considered strategy to overcome these difficulties and move forward with confidence."